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Deconsolidation of Former French Subsidiary (TAAG) (Tables)
12 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The gain from deconsolidation of former French subsidiary consists of the following: 
 
Description
 
Amount
 
Current assets
 
$
(1,239,713)
 
Property and equipment, net
 
 
(359,677)
 
Noncurrent assets
 
 
(499,070)
 
Current liabilities
 
 
3,606,310
 
Long term liabilities
 
 
95,051
 
Accumulated other comprehensive income
 
 
108,847
 
Total
 
$
1,711,748
 
Schedule Of Disposal Groups Including Discontinued Operations Income Statement
Revenue and expenses from discontinued operations were as follows:
 
 
 
Year Ended
 
 
 
June 30,
 
 
 
2015
 
 
 
 
 
 
Revenue
 
$
1,164,314
 
Cost of revenue
 
 
849,174
 
Gross profit
 
 
315,140
 
 
 
 
 
 
Operating expenses:
 
 
 
 
Selling, general and administrative
 
 
660,500
 
Depreciation and amortization
 
 
44,027
 
Total operating expenses
 
 
704,527
 
Loss from discontinued operations before other income (expenses)
 
 
(389,387)
 
 
 
 
 
 
Other income (expenses):
 
 
 
 
Interest expense
 
 
(5,957)
 
 
 
 
 
 
Loss from discontinued operations
 
$
(395,344)